- Rates on 30-year fixed-rate mortgages averaged 3.00 percent with an average 0.6 point, up from 2.94 percent last week but down from 3.24 percent a year ago.
- For 15-year fixed-rate mortgages, rates averaged 2.29 percent with an average 0.7 point, up from 2.26 percent last week but down from 2.70 percent a year ago.
- Rates on 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.59 percent with an average 0.3 point, unchanged from last week and down from 3.17 percent a year ago.
Mortgage rates stabilize at around 3%

Mortgage rates were up slightly during the week ending May 20, as borrowers with excellent credit putting 20 percent down were offered rates averaging 3.00 percent on 30-year fixed-rate purchase mortgages.
That’s according to the latest weekly rate survey from Freddie Mac, which showed rates registering their first weekly increase in May. The survey, which records rates going back to 1971, showed 30-year, fixed-rate mortgages hitting an all-time low of 2.65 percent during the week ending Jan. 7, before heading back up to 3.18 percent in March.
“After a run up over the first few months of the year, rates have paused and hovered around three percent since March,” said Freddie Mac Chief Economist Sam Khater, in a statement. “Despite this favorable rate climate, there remains a shortage of homes for sale. The lack of housing supply has been compounded by labor disruptions and expensive building materials that are driving up the cost of new housing, making it difficult for homebuyers to find homes to purchase.”
Freddie Mac reported average rates for the following mortgage types for the week ending May 20: